New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-13

messages with profit Of $4,O372s In the
last year. Since 1867 the growth OF tho
company is marked by increase from 1920
miles Of poles to 15G,sl4 miles an increase from
1921 miles of wire TO 524 GA miles increase In tho
number OF offices from 1865 to 1868; increase in
the nu mber Of messages forwarded from 1919 to
47,394,53O; an increase from $6,56s 925 re-
ceipts to S19.6329 39 10 1884 and $l7, 900
in the last year; increase Ia expenses from
$3.9if.006 to $l3.l54. 629. and by an
increase in profits from $2,624,92O to S7,66035o in
1888 and 81 037,2Sl in the last year. The company
earned in the last year 432 per cent its stock aud
paid in dividends only per cent thus adding to its
plus $2692352 which the report states has boeE prin
cipay invested in new property"
The business of three years compares follows:
I5ss
Int and sinking fund 5s5o6s 55i455 1908
ssa1si s35St95
snrpla: for .he year sl6s6se $50 s2casa0s
Deficit for the year. sAl7l -....-.
Dividend 81 FER cont; Dividend a. per cent Dvi.
dend per cent
The table the rre and results of
ME-: 3, 1888. 1899 1857. ss'a sss.
% Number OF 42o55ss
Gross receipts ..si7706s siG2oS $50 sl7isl0lo
Fronts .'.::::::.... 570o.s5 5Sios55 1oS72sI
To-day reprint the comparative gross earnings Of
nine railroads in the first week Of October They
wide range OF territory. Every shares gain
on the large Of 1886 The aggregate earnings Of
the nine companies give gain of Sl27,s6l or 1o4s per
cent
Yet notwhstan ding the large earnings of railroads,
the practical settlement OF the telegraph and the
fact corporations which here ,fore have been
habitual borrowers of call money are now generally
lenders, to days stock market so far az
prices we're concerned as completely
demoralized as it could have been II there
had been sudden development of situation exactly
the reverse OF that which exists IL was not tight
money. because both call and time loans were freely
offered at rates pretend
passage OF its usual sem annual dividend by the Balt
and Ohio Railroad Company for prudential
reasons and not because the full usual dividend has not
been earned furnished reason for selling all crea
Yet the passing of the Baltimore and OHIO
dividend which vim to the selling movement and
which only started whoa the ncement was made
Up to that tine the general market, while
somewhat feversh indicated unlertone of strength
and prices inclined TO improve But upon ne pub
seemed to spring from BUSH hay came In threugh
every door OF the stock Exchang and scramble over
which their orders assigned them. After the
first week the market sharply rallied l2al per cent but
the following week. which was even more heree IMAM
the first one. captured the closing and made the hna
Al the close every one was mystihei; and all
ACKNOWLEDGED there either power ar
audacity which in an apatheuc market
OVERRIDE situations facts ant logic Not for lcug Tune
has there condition at the stock Exchange which
much bied of Mr. GJuids Old tins markets.
less conservative than he il generally con
sidercd In those days the outcOne OF such
violence practSod to-day a quick turn
with big bull market following nme lately after.
But Mr. Could says that he now has speculative in
in the markets 20 that the mystery OF the under
mining power is all the greater As usual OF late
the decline occssioned only spssmodic excite
ments; every seemed TO be much al
tnelT with Philadelphia and Reading at 59% at
the close they were when 1t was 81 In the morning.
with Lake shore at9O thew at 81 with Louisville
and Nashville ~ % at 5Sl3, with Northw stern at
1919 AT 1898 with ST Paul at - rs AT 7i>- wi n
Northern Pacific preferred Al 40 at 46 with Union
Pacific at A q as at 49, aad on through the whole
list. The people sold Union Pacific because
Northern Pacific would not join the lease OF tue
ore gon Railway and Navigation that sold Northern Pa
the and logically they alO ssd Or
egon and TranscOntincnta from 1873 to 1874 for the
The market closed weak at the lowest
figures. $500
Government bonds strong. with the bids for the
As ND 70 per cent Annexel The CLOSING qnolatons